Friday, December 23, 2011 14:20 Hrs IST
DSP BlackRock FMP – Series 41 to 60 files offer document with Sebi
Close ended income schemes
DSP BlackRock Mutual Fund has filed offer document with Sebi to launch DSP BlackRock FMP – Series 41 to 60, close ended income scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The primary investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. There is no assurance that the investment objective of the Scheme will be realized.
Options: Growth (Option A) & Dividend Payout (Option B)
Benchmark: For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index
For Schemes having maturity of more than 3 months: CRISIL Short Term Bond Fund Index
Minimum Application Amount: Rs. 5,000/– and in multiples of Re. 1/- thereafter.
Minimum Target Amount: Rs. 25 crore in each of the schemes during the NFO period
Asset Allocation: The scheme shall invest up to 100% in debt securities and money market securities.
Fund Manager: Mr. Dhawal Dalal